Follow-up Letter to FHA Regarding ML 2023-03
This letter follows up on the joint August 24, 2023 letter to HUD on partial claim eligibility.
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This letter follows up on the joint August 24, 2023 letter to HUD on partial claim eligibility.
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This letter asks HUD to expand eligibility requirements for the partial claim to borrowers who have quickly recovered from their hardship.
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In these comments, the National Consumer Law Center and the Center for Responsible Lending provided detailed comments to HUD’s proposed Payment Supplement Partial Claim program, which will help borrowers avoid unnecessary foreclosure.
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The letter, joined by sixty-three non-profit organizations, supports HUD’s proposed Payment Supplement Partial Claim program as a necessary innovation to provide FHA-insured borrowers who have fallen behind on their loans with the payment relief needed to help them avoid foreclosure.
On behalf of NCLC’s low-income clients, NCLC responds to HUD’s planned revision of the face-to-face meeting regulation, 24 C.F.R. § 203.604, as indicated on the agency’s regulatory agenda. By ensuring that servicers make a significant attempt to discuss loss mitigation options with borrowers, 24 C.F.R. § 203.604 facilitates the effective communication between borrowers and servicers…
National Consumer Law Center (NCLC) advocates applaud the Federal Housing Administration’s (FHA) decision yesterday to give all borrowers facing financial hardship access to crucial foreclosure alternatives that the agency developed in response to the pandemic. FHA’s announcement also makes it easier to access these options for homeowners eligible for the administration’s Homeowners Assistance Fund and…
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